Long Island Bankruptcy Law Blog

What is the Chapter 7 timeline?

When you file bankruptcy, it may feel like you do a lot in the beginning and then sit around waiting for a long time before ...

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What are priority debts?

When you file for Chapter 13 bankruptcy, you must create a repayment plan that lists all of your debts, but the court does not treat ...

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Traffic accidents, credit card debt and bankruptcy

If you were recently involved in an auto accident, our law firm realizes how tough your life likely is at the moment, especially if you ...

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Filing for bankruptcy when married

There is perhaps no more dreaded word in the world of finance than bankruptcy. Many people in New York view it as the end of ...

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Using your credit card responsibly

Having a credit card is a helpful way for you to establish credit and build your score. However, irresponsibly or carelessly using your credit card ...

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Credit basics

Credit, on the face of things, seems simple. As explained by the Federal Trade Commission, a simple definition of credit would be as follows: People ...

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New Yorkers carry a high burden of student debt

For individuals in their 20s and 30s, student loan debt continues to affect overall financial well-being.  Until at least very recently, recent trends show student ...

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What is a debt snowball?

There are many different ways to approach paying off credit card debt. Two of the most popular approaches are either the “debt snowball” or the ...

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Does Chapter 7 discharge all your debts?

If you think that Chapter 7 bankruptcy discharges all of your debts, think again. FindLaw explains that while it is true that Chapter 7 will ...

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Tips for paying down medical bills

Research published in 2019 found that 66.5% of personal bankruptcies filed in New York and elsewhere that year were related to medical debt. According to ...

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